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The battle of Govt v. ICOs: EOS creator settles for $24million, KIK fights SEC
The battle of Govt v. ICOs: EOS creator settles for $24million, KIK fights SEC

The battle of Govt v. ICOs: EOS creator settles for $24million, KIK fights SEC

October 2, 2019 Crypto News, EOS

Last week Kik announced it was closing down its app so that it can focus on fighting the SEC in court over the claim that their KIN token was an unregistered security:
“Becoming a security would kill the usability of any cryptocurrency and set a dangerous precedent for the industry. So with the SEC working to characterize almost all cryptocurrencies as securities we made the decision to step forward and fight.”

Yesterday it was announced that EOS creator Block.One settled with the SEC and must pay $24 million in penalties for conducting an unregistered securities sale.
“The SEC has simultaneously granted Block.one an important waiver so that Block.one will not be subject to certain ongoing restrictions that would usually apply with settlements of this type.”

Ashe Oro and I discuss these 2 different cases, and what the future might hold for Kin and EOS, and what this means for ICOs in general

Recommended Books:

Permanent Record – Edward Snowden
https://amzn.to/305negc

What has the government done to our money – Rothbard
https://amzn.to/2KMzmcu

Naomi’s Privacy Bag: some of my favorite products to help protect your privacy!

Use the Brave browser! https://brave.com/nao076

USB-C to ethernet adapter:
https://amzn.to/2lOVBoy

Lightening to ethernet adapter:
https://amzn.to/2nWyNns

Faraday bag wallet (signal stopping, to protect your fob, credit card, and phone)
https://amzn.to/2SUkPhu

Data Blocker (if you’re charging your phone in an unknown port, use this so that no data is transferred)
https://amzn.to/2SVh0J2

Computer privacy screen (use your computer in public? Keep your information safe!)
https://amzn.to/2SXYHmf

Phone privacy screen (don’t let people in public see your private data)
https://amzn.to/2YyJMnH

Camera cover (for computers and phones, so no one can access your camera without you knowing)
https://amzn.to/2Mt7Hic

Privacy Tip: Don’t use wifi, and if you must, append the tag ‘_nomap’ or ‘_optout’ to your SSID to stop other websites tracking your location.

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Kane Dane